HEALTHCARE & MEDICAL WORKING CAPITAL LOANS

 

General Information and Credit Criteria

 

Loans from $25,000 to $350,000

 

Working Capital Loans are designed to enhance the value of the Healthcare or Medical practice - whether it is by advertising, hiring a new associate, hiring a consultant, taking continuing education classes or purchasing new or used equipment. Borrower has the freedom to choose how to best allocate the funds: Debt Consolidation, Acquisitions, Expansions, Partner Buy Ins and Various Commercial Needs will also be accepted under this program.

 

Designed for NEW and established healthcare businesses, medical practices, and dental practices.

 

All medical and dental professionals must be licensed for a minimum of two years.

 

Healthcare business & Medical practices owned and operated by non-medical professionals may qualify for the Working Capital Loan Program.

 

Loan does not appear on personal credit bureau unless it becomes severely delinquent.

 

The funds will be overnighted or wired to the borrower and he or she can spend the funds as they see fit to enhance the value of the business.

 

Terms of up to 84 months are available and will be set by underwriting.

 

The borrower's personal guarantee is always required. Spousal personal guarantees may be required if the spouse is active in the business or a signor on the business checking account.

 

Minimum 640 Beacon, Fair Isaac or Empirica score required. If an applicant has a 640 score but for instance has significant judgments, or collections accounts, this may be a reason for a denial.

 

Call 1-888-808-ALTA (2582)  to find out more and to request an application.